Foreign direct investment continues to play a central role in Montenegro’s economic development. The country remains attractive to international investors due to its tourism potential, coastal real estate market and EU integration prospects.
In 2025, total FDI inflows reached €1.018 billion, representing 14.2% annual growth, while net FDI totaled €530.7 million, an 8.0% increase compared with 2024.
The structure of foreign investment reveals a strong concentration in real estate. Investments in property reached €497.4 million, accounting for nearly half of total inflows.
Investment in companies and banks totaled €131.8 million, while €319.2 million was recorded as intercompany loans.
The main investor countries were Serbia (€141.8 million), Turkey (€136.3 million) and Germany (€71.4 million), together representing 34.3% of total FDI inflows.
The dominance of real estate investment highlights both opportunities and risks. Property development supports tourism infrastructure and construction employment, but it contributes less to export capacity compared with industrial investment.
